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which species of trees to plant on his property and continuing
his efforts to prepare the property for use as a tree farm. He
is conducting wildfire damage reversal and soil conservation
measures and has built a road on the property to a previously
inaccessible area.
On his 1995 Federal income tax return, petitioner included a
Schedule F, Profit or Loss From Farming, and claimed the
following deductions related to the activity petitioner
identified as “trees”:
Depreciation $781
Repairs/maintenance 2,302
Taxes 771
Accounting 235
Pest control 7,427
Survey study 1,800
Tools 5,045
Travel 226
Total 18,587
On his 1996 Federal income tax return, petitioner claimed
the following deductions on Schedule F for the activity he again
described as “trees”:
Depreciation $1,339
Car and truck expenses 1,189
Mortgage interest 67
Repairs/maintenance 4,473
Accounting 1,387
Books & subs 1,246
Pest control 9,189
Tools 2,137
Total 21,027
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Last modified: May 25, 2011